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  • Market Cap: $3,748,085,606,049.74
  • 24h Vol: $246,451,181,132.55
  • BTC Dominance: 55.40%

Currency

ubs-warns-of-further-us-dollar-decline,-advises-investors-to-reduce-usd-holdings

UBS Warns of Further US Dollar Decline, Advises Investors to Reduce USD holdings

Leave a Comment / Assets, Australian dollar, Bitcoin, British Pound, Crypto Hacked, Cryptocurrency, Currency, Economics, Ethereum, Euro, fiscal deficit, geopolitical, gold, Greenback, Hedging, interest rates, Portfolio, Swiss franc, UBS, US Dollar / / / , , , , , , , , , , , , , , ,

Financial giant UBS expects the U.S. dollar to continue to depreciate, advising investors to reevaluate their portfolios. The bank predicts a medium-term decline due to shrinking interest rate advantages and a growing fiscal deficit. With the dollar down 5% since June, UBS recommends strategies like currency hedging and diversifying into other currencies and assets like […]

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China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation

Leave a Comment / Artificial Intelligence, Bitcoin, brics, China, Crypto Hacked, Cryptocurrency, Currency, Economics, Ethereum, Finance, global governance, Investments, Li Qiang, local currency, Mikhail Mishustin, payment infrastructure, Russia / / / , , , , , , , , , , , ,

China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while also advancing collaboration in artificial intelligence, sustainable development, and global governance. China and Russia Strengthen

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India and Russia to Enhance Trade With Rupee-Ruble Payments

Leave a Comment / bilateral trade, Bitcoin, Crypto Hacked, Cryptocurrency, Currency, economic, Economics, Ethereum, Exports, imports, India, Maxim Reshetnikov, non-tariff barriers, OIL, petroleum, ruble, rupee, Russia, Sunil Barthwal, trade deficit / / / , , , , , , , , , , , , , , ,

India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With a significant trade deficit favoring Russia, both nations seek to diversify trade beyond oil and create

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Iran Backs Russia on BRICS Single Currency Initiative

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Iran plans to support Russia’s initiatives on creating a BRICS single currency and expanding national currency payments within the bloc, according to Iran’s Ambassador to Moscow, Kazem Jalali. The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring the creation of a new currency to reduce reliance on the U.S. dollar and mitigate

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US Senator Highlights Bitcoin as Currency Unaffected by Widespread Cyber Outages

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U.S. Senator Cynthia Lummis has emphasized bitcoin’s resilience as a form of currency unaffected by widespread cyber outages. Her remarks followed major system failures linked to Crowdstrike, which impacted multiple sectors and have been described by some as “the largest IT outage in history.” Bitcoin’s Stability Highlighted During Major System Outage U.S. Senator Cynthia Lummis

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BRICS to Promote National Currencies Before Issuing Common One

Leave a Comment / Ambassador, Anil Sooklal, Bitcoin, bloc, Brazil, brics, China, common currency, countries, Crypto Hacked, Cryptocurrency, currencies, Currency, emerging economies, Ethereum, Finance, Financial Markets, Group, India, Nations, Russia, single currency, South Africa, trade / / / , , , , , , , , , , , , , , , , , , ,

The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicated in an interview. Wider Use of National Fiats of

BRICS to Promote National Currencies Before Issuing Common One Read More »

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China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

Leave a Comment / Anwar Ibrahim, Asian Monetary Fund, Bitcoin, China, chinese, Crypto Hacked, Cryptocurrency, currencies, Currency, dependence, Dollar, Ethereum, Fiat, fiat currency, IMF, International Monetary Fund, Malaysia, Malaysian, national currencies, News, regional currencies, reliance, renminbi, ringgit, trade, trade settlements, U.S. dollar, US Dollar, Xi Jinping, Yuan / / / , , , , , , , , , , , , , , , , , , , , , , , , ,

An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia Prepares to Trade With China in

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says Read More »

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US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States 

Leave a Comment / alliance, Biden Administration, Bitcoin, Brazil, BRICS countries, China, China Saudi government, climate change, crown prince Mohammed bin Salman, Crypto Hacked, Cryptocurrency, Currency, diplomacy, economic policy, Economics, Energy, energy transition, environmental policy, Ethereum, Finance, fossil fuels, Global Trade, green technology, India, international relations, Middle East, National Security Council, Negotiations, oil market, oil production, opec, petrodollar, pleasing, political ramifications, Renewable Energy, Russia, Saudi Arabia, South Africa, Tensions, United States, US Dollar, US-Saudi relations, Washington / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent report, Saudi Arabia’s crown prince Mohammed bin Salman has told associates that

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Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now

Leave a Comment / algeria, American gas consumers, barrel, Biden Administration, bilateral deal, Bitcoin, Brazil, Brent crude, BRICS countries, China, Crypto Hacked, Cryptocurrency, Currency, Economics, Economy, energy agency, Ethereum, Foreign Policy, GDP bloc, Global Economy, India, iraq, Kuwait, liquefied natural gas, major oil producers, National Security Council, non-OPEC members, oil market, oil production, Oman, opec, petroleum, Politics, precautionary measure, reduction, reserve currency, Russia, Saudi Arabia, South Africa, stabilize, State Duma, Supply Chain, trade, U.S. dollar settlements, United Arab Emirates, White house / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of the Petroleum Exporting Countries (OPEC) and

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US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker

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According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses Strategy for Selling Confiscated Bitcoin The U.S. government, one of the

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